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Thursday, January 10, 2013

Market Summary -- 10th Jan 13

FTSE STI closed 3,226.25, up 5.84 points or +0.18% with a total volume of 4.21b and a total value of S$1.80b. Total number of advance vs decline was 245 vs 206. Of the 30 component index stocks, 14 closed positive, 7 unchanged and 9 closed negative. The top 5 gainer component stocks were :-

US markets closed positive average at least +0.3% due to the firm earning from Alcoa. Asian bourses were mostly positive taking the cue and further boosted by China December export data. Nikkei +0.70%, SSE +0.37% reversing earlier loss and HSI +0.59%. STI closed +0.18% with moderate volume and value with 14 of the 30 component index stocks registered positive closing.

China December export data of more than 14% beating expectation of 5% gave some cheers to investors after positive closing from US. However, stocks met will profit taking in later session but still managed to close positive.